Business

2021 Stable Extreme Weather Challenges, Canadian Business Journal Despite Trade Supply Chain Through Port of Vancouver

Vancouver, British Columbia, March 24, 2022 (GLOBE NEWSWIRE) — The Vancouver Port Authority today released end-of-2021 statistics for goods passing through Vancouver Harbor. Despite the ongoing pandemic and global supply chain challenges, and extreme weather in British Columbia, 2021 cargo volume passing through Vancouver Port will be 145 to 146 million metric tons in 2020. MMT) increased by 1%.

Robin Sylvester, President and Chief Executive Officer of the Vancouver Fraser Port Authority, a federal agency, said: Mandated to enable Canadian trade through the Port of Vancouver. “We would like to thank the port-wide industry and workers for their excellent work in passing through Canada’s largest port in another complex year.”

In 2021, record containers and foreign bulk volumes, and strong grain volumes in the first half of 2021, ported despite difficult trade conditions and the continued federal postponement of cruising in Canada by COVID-19. Helped maintain the volume of cargo passing through. ..

Following record grain volumes for the eighth consecutive year and grain shipment records from ports in mid-2021, grain production in 2021 will be higher than in 2020, following a decline in Canadian grain production in the second half of the year due to the drought in western Canada. It decreased by 13%. The port terminal mitigated the decline in volume by withdrawing and shipping stored grain, ending the year with the second highest annual grain volume in the port’s history.

In fields such as fertilizer (down 13%), chemicals (down 19%), sawn timber (down 14%), wood pulp (down 20%), and processed foods (down 22%), there was a decrease due to the combination. ..Global supply chain challenges and weather events

Continuing the long-term growth trend of container trade, the volume of shipping containers passing through the port reached a record 3.7 million TEU (equivalent to 20 feet) in 2021, an increase of 6% compared to the previous year. Did.

“The 2021 container story is the fifth consecutive year of record, but it’s a warning in two ways: the impending shortage of container capacity and the danger of a shortage of industrial land in Lower Mainland,” said Sylvester.

Container trade across Canada’s west coast has grown at an average annual rate of 5% over the last decade, in line with the expected high-growth cases. With continued growth, West Coast terminals are expected to run out of capacity by the mid-to-late 2020s. To meet the growing demand for goods shipped in containers, port authorities are leading the Roberts Bank Terminal 2 project, a proposed container terminal in Delta, British Columbia. West Coast capacity has increased by 30% and is designed to phase out a total of 2.4 million TEU of capacity at the Port of Vancouver, providing critical supply chain capacity and resilience. The project is waiting for a federal decision before proceeding.

“The global supply chain problem that Canadians are currently experiencing is a preview of the Canadian supply chain problem that we are advancing within a few years if the country does not provide the urgently needed container terminal. “Capacity,” Sylvester said. “That’s why port authorities have led the Roberts Bank Terminal 2 project under a public interest mission, leveraging more than a decade of experience in providing high quality, sustainable and positive infrastructure projects to Canada and the community. This project will be the foundation of Canada’s trade future, but if we don’t act, it’s our defeat, and these impacts are from the West Coast to Prairie, Ontario, and beyond. It will feel like it will be felt for years to come. “

Another challenge highlighted in the 2021 container trade statistics was the increase in exports of empty containers. Global market dynamics are rushing to return empty containers to Asian ports to meet the strong North American consumer demand for containerized imports. This created a real challenge for Canadian exporters who could not access the empty containers normally in circulation to move their cargo. By increasing the supply chain capacity enabled by ample industrial land throughout the port area, we can ease the congestion pressure on the supply chain caused by spikes in demand and unexpected disruptions, while at the same time making shippers an important export market. You can increase the flexibility and options to reach.

“This is missing the opportunity for Canada to make additional exports, as international demand for Canadian commodities remains high,” Sylvester said. “The central challenge we face is the crisis in Lower Mainland’s industrial land, which weighs on major supply chain activities such as transshipment and container storage outside the region. Having the features at hand supports a more resilient supply chain and facilitates exports to Canada. “

Sylvester spends $ 4.1 million to help the Canadian government prepare land in Richmond’s temporarily vacant industrial port as a short-term empty container storage after the floods in British Columbia. I praised my investment. This site supports the Canadian supply chain by reducing terminal congestion due to the storage and handling of empty containers.

“Celebrating the Government of Canada’s investment in a resilient supply chain and ensuring that the port has ample industrial land available in Lower Mainland to continue to promote Canada’s growing trade efficiently and reliably. We encourage continued action to do so, “said Sylvester. “If our core Canada supply chain is constrained by the tightest industrial land market in North America, it’s a problem that affects Canada as a whole.”

For more information

Backgrounder

  • Overall cargo increased by 1% to 146.5 MMT compared to 2020
  • The quantity of containers increased by 6% to 3.7 million TEU. Imports increased by 4% to 1,923,621 TEU. Export volume increased by 9% to 1,755,331 TEU.
  • Break bulk cargo increased by 18% to 19.8 MMT. Log volume increased by 23%. The amount of base metals increased by 51%, but wood pulp decreased by 10% compared to 2020.
  • Bulk cargo increased by 1%. The amount of coal increased by 19%. The amounts of grain, potash and sulfur were reduced by 10%, 13% and 14%, respectively.
  • The tonnage of bulk liquids decreased by 8% compared to 2020 due to a 30% decrease in canola oil, a 12% decrease in crude oil and a 14% decrease in chemicals.
  • Cruise season canceled in 2021

Media contacts:
Alpen Lana
Media Relations Advisor
604.340.8617
Arpen.Rana@portvancouver.com

About Vancouver Fraser Port Authority and Port of Vancouver

The Vancouver Fraser Port Authority is the federal agency responsible for managing the Port of Vancouver. As with all Canadian Port Authority, we are responsible to the Federal Minister of Transport and have a mission to enable Canadian trade through the Port of Vancouver while protecting the environment and considering the community. It operates in accordance with the law. The Port Authority is structured as a non-equity company, is financially self-sufficient and does not rely on taxes to operate. Our income comes from port terminals, tenants renting port land, and port users who pay various fees such as port costs. Profit will be reinvested in port infrastructure. Port authorities control more than 16,000 hectares of water, more than 1,500 hectares of land, and port land and water use, including approximately 350 kilometers of coastline. Located on the southwest coast of British Columbia, Canada, the Port of Vancouver extends from the Roberts Bank and the Fraser River to the Burrard Inlet, borders 16 municipalities, and is a land of traditional territories and treaties of some Coast Salish. Crosses with. Vancouver Port is Canada’s largest port and the third largest cargo in North America. Port activities, which enable the trade of approximately $ 240 billion in commodities in more than 170 global economies, maintain 115,300 jobs, $ 7 billion in wages and $ 11.9 billion in GDP across Canada.


CBJ News Maker

2021 Stable Extreme Weather Challenges, Canadian Business Journal Despite Trade Supply Chain Through Port of Vancouver

Source link 2021 Stable Extreme Weather Challenges, Canadian Business Journal Despite Trade Supply Chain Through Port of Vancouver

Related Articles

Back to top button